GIFP BUSINESS PARK

The Business Park of Giurgiulesti International Free Port provides investors an excellent location on the border with the European Union, in a low cost environment, with tri-modal transport infrastructure and a unique tax and customs framework.

Investors can set up their businesses within the business park by leasing land, offices, warehouses or open storage facilities. In addition, Danube Logistics SRL offers potential investors associated services ranging from logistics to various support and administrative services.

Investor Questionnaire

Inexpensive, Multi-lingual Labor Force

Moldova has a population of 3.6 million (2016). Out of that totak, 70% of the population is multi-lingual, and 80% attain secondary education. The average monthly wage is about USD 370/EUR 300.

Proximity to EU, CIS and Turkish Markets

From Moldova exporters can easily reach EU single market with 508 million consumers, the CIS + Ukraine market with 282 million consumers as well as the Turkish market with 80 million consumers.

Fast Growing Emerging Market
In 2017 the Republic of Moldova achieved an economic growth of 4.5%, agricultural production increased by  8.6% and industrial production increased by 4.2% (change 12 months!!!).

Free Trade Regimes

Since 2001 the Republic of Moldova is a full-right member of the WTO. In addition Moldova has signed Free Trade Agreements with 43 countries: EU-28 member states (DCFTA), CIS member-states, Members of Central European Free Trade Agreement and Turkey. Furthermore Moldova benefits from preferential trade agreements with Norway, Canada, Switzerland, Japan and USA.

Investment Opportunities

There are numerous investment opportunities in the agriculture, manufacturing and logistics sectors.

Agriculture and Food Processing
Moldova possesses over 2.5 million hectares of highly fertile agricultural land and sufficient water resources. This, together with the favorable climatic conditions and the predominantly well-educated and inexpensive work force, as well as the free trade regimes, form favorable conditions for investments.

Manufacturing
The combination of well-educated, inexpensive workforce and free trade agreements calls for lucrative investments in labor intensive industries (i.e. automotive suppliers, textile industry etc).

Logistics
Moldova serves as an: ideal location for storage and distribution of goods to Central, Eastern European, CIS and Turkish markets; good connection by road, sea, river, narrow-gauge rail and broad-gauge rail network, as well as air.

 

Tax Incentives & Favorable Customs Regime

The favorable tax and customs regime applicable to GIFP Business Park residents can be summarized as follows:

  • 75% reduction of corporate income tax during the first 10 years of operation (currently 3% instead of 12%) and a 50% reduction for the remaining period until 2030;
  • exemption from excise taxes and import VAT;
  • exemption from import and export duties;
  • exemption of import duties into the rest of Moldova for goods that originate from Giurgiulesti International Free Port;
  • exemption of foreign employees from social insurance contributions;

Unlike in Moldovan free economic zones, where activities are typically limited to certain types of activities, the residents of GIFP Business Park have the right to undertake any activity that is ordinarily allowed in Moldova. Investors may also be 100% foreign owned, freely repatriate their profits and are not subject to revenue based administration fees or minimum investment obligations.

Quality of GIFP Business Park Infrastructure

GIFP Business Park is a green field development with newly constructed utility and road infrastructure. All land plots leased by residents benefit from road electricity, water, gas and fibre-optic telecommunication connections.

Low Operating Expenses

With an official average wage of only 370USD/300 EUR per month, Moldova’s multi-lingual labor force remains the most competitive labor force in Europe. Against this background Moldova has developed as a favorable location for companies active in labor intensive manufacturing, e.g. textile companies, automotive suppliers and call centers.

Apart from favorable payroll expenses, GIFP Business Park residents also benefit from relatively inexpensive utility charges:

Electricity — 1,40 MDL (0.11 $) per kWh for 6-10 kV; 1.38 MDL (0.12 $) per kWh for 0.4 kV
Gas — 4,8950 MDL (0.34 $) per m³ low pressure

Available Human Resources
GIFP Business Park close proximity to Romania (Galati 17km) and Ukraine (Reni 8km) attracts work force not only from Moldova but also from Romania and Ukraine.

Moldova (up to 60 km) – 100,000 population
Galati (Romania – 17 km) – 330,000 population
Reni region, Ukraine (8 km) – 41,000 population

Lease of Land

There is a selection of land available for long-term leases connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Warehouse, Open Storage and Production Facilities

A selection of types of warehouses, open storage halls or production facilities that are offered for short or long — term lease within GIFP Business Park. All areas are connected to basic necessary infrastructure such as electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Offices

There are small and large office spaces available for short-to long-term leases within GIFP Business Park. All offices are connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Advisory Services

Upon request the management of GIFP Business Park will provide residents and potential residents with advisory services on issues ranging from the incorporation of a company in Moldova, permitting and other legal matters, project management, construction permitting/management, procurement issues as well as recruitment of human resources.


latest news
See all news
19.05.2018
A GROUP OF STUDENTS OF THE ROYAL COLLEGE OF DEFENSE STUDIES (RCDS) VISITS GIURGIULESTI INTERNATIONAL FREE PORT

On Saturday 19 of May a group of civilian and military experts met with representatives of Giurgiulesti International Free Port (GIFP) where Mathias von Tucher, Operations Director of Danube Logistics SRL conducted a short tour of the port and answered various questions. Foreign guests where happy to find out more about GIFP and its development as one of the most important logistics hub in Moldova and the region. The official visit to GIFP concluded the study trip to the Republic of Moldova, 13-19 May.

The Royal College of Defense Studies (RCDS) instructs senior officers of the Armed Forces and Civil Service in defense and international security matters at the highest level, to prepare them for the top posts. It forms part of the Defense Academy of the United Kingdom.

Read more
29.06.2018
GIURGIULESTI INTERNATIONAL FREE PORT CELEBRATES DANUBE DAY

On Friday, 29th of June Moldova joined in celebrating the Danube Day in Giurgiulesti. As part of the event Danube Logistics, the general investor and operator of Giurgiulesti International Free Port, organized a picnic reception overlooking the Danube at the port premises.

Traditionally, over 80 Moldovan and international guests seized this beautiful occasion to feel the true spirit of Danube which connects citizens and businesses from 10 European countries and provides Moldova with direct access to the Black Sea. Among the honorable guests were Ms. Angela Sax, president of EBRD office to Moldova, Ms. Lucy Joyce, the Ambassador of the United Kingdom to Moldova, Dr. Julia Monar, the Ambassador of Germany to Moldova and Antonio Castillo, head of EIB office to Moldova. Representatives of local and central authorities together with mayors of the nearby villages where happy to join on this wonderful occasion Thomas Moser, director general of Danube Logistics SRL.

Guests of the event enjoyed the amazing view on Danube River relishing flavorous wines from Vinaria din Vale and refreshing drinks provided by Coca Cola Company. As well as last year „Bunica beats the drum” from Valeni was happy to perform traditional Moldovian songs along with her husband and an orchestra band from Cahul.

Read more
13.06.2018
DANUBE LOGISTICS DELIVERED THE CARBON FOOTPRINT REPORT ON GIURGIULESTI INTERNATIONAL FREE PORT FOR 2017

Danube Logistics has developed the Carbon Footprint Report for 2017 in accordance with the Greenhouse Gas (GHG) Protocol. The emission sources included in the carbon footprint report refer to generated CO2 emissions respectively to the emissions equivalent to CO2. The inventory was developed for the year 2017 at the premises of Giurgiulesti International Free Port.

In accordance with a control-based approach Danube Logistics calculated the CO2 emissions of these operational activities that actually can be influenced by the company. The calculations are based on real measurements of fuel and energy consumption ensuring a high level of accuracy of the results.

Following the findings of this report Danube Logistics strives to identify suitable measures in order to reduce carbon footprint emissions.

Report available in «Downloads» directory.

Read more
27.04.2018
FIREFIGHTING EXERCISE CONDUCTED AT THE PREMISES OF GIURGIULESTI INTERNATIONAL FREE PORT

On 26th of April, at the premises of Giurgiulesti International Free Port, the Civil Protection and Emergency Situations Service of Moldova, together with Danube Logistics SRL conducted one of its regular emergency exercises within the Oil Terminal operated by Danube Logistics. The purpose of the exercise was to decrease the reaction time and synchronize the actions of firefighters and employees of the Oil Terminal. In order to test the vigilance of the firefighting brigade and the capacity of joint intervention, extinguishing of a fire was simulated at the premises of the Oil Terminal at Giurgiulesti International Free Port.

Video reportage: https://www.youtube.com/watch?v=dFiJbnkk7ak&feature=youtu.be

Read more